RiskIntegrity™ for IFRS 17

The RiskIntegrity solution for IFRS 17 helps insurance companies makethe transition from current insurance accounting frameworks to IFRS 17.
It helps insurance entities of any size – from large international groups
with life and non-life businesses to small monoliners – to efficiently
meet the new reporting challenges.
This solution integrates seamlessly into your existing infrastructure, connecting
data, models, systems, and processes between actuarial and accounting
functions. It addresses the needs of life and non-life companies, as well as creditinsurers and reinsurers.

Kickstart your IFRS 17 Implementation with a modular end-to-end solution» Calculate and roll-forward insurance contract liabilities for the general measurement
model (GMM)/building block approach (BBA), variable fee approach (VFA), and premium
allocation approach (PAA) from fulfilment cash flows.
» Produce reports for entity- or group-level disclosures, and analyze changes in CSM, Liability
for Remaining Coverage (LRC), and Liability for Incurred Claims (LIC) for management
oversight.
» Load cash flow input from existing actuarial tools or derive cash flows based on claim
run-off triangles, loss development factors, allocation rules, payment patterns, and claims
seasonality factors.
» Create mapping between your own chart of accounts and the solution’s fast, intuitive
accounting logic.
» Generate both soft and hard journal entry postings, transaction files, and disclosures using
the controlled workflow in the IFRS 17 accounting sub-ledger module, which includes
reversals, adjustments, and support for multiple currencies.
» Ensure consistency, quality, and accessibility of finance and actuarial data (both currentand historic) using centralized data storage and data quality management.
» Import data from multiple actuarial systems, consolidating information to provide
comprehensive and coordinated IFRS 17 calculations for both insurance groups withmultiple lines of business and entities.
» Gain an efficient audit trail, better support the reporting process, and reduce costs andmanual errors with process automation and governance.
MOODY'S ANALYTICS | RISKINTEGRITY TM FOR IFRS 17

The RiskIntegrity solution for IFRS 17 difference» Out-of-the-box calculations, master accounts, and posting logic and analytical capabilities
that comply with initial IFRS 17 requirements and interpretations, as well as a commitment
to address future updates from IASB.
» Future-proof technology that is cloud-enabled, highly scalable, modular, and designed toaddress the demanding data volume and performance requirements of IFRS 17.
» Integration that maximizes return on your investment in existing actuarial models,accounting systems, and processes that are unified by a robust data dictionary.
» A history of delivering high-performance, cloud-based, and award-winning technology
projects in the insurance industry, including our AXIS™ actuarial modeling system,
RiskIntegrity™ Suite for Solvency II compliance, and Credit Loss and Impairment Analysis
Suite that helps financial institutions to comply with the requirements of CECL and IFRS 9.

MOODY'S ANALYTICS | RISKINTEGRITY TM FOR IFRS 17

MOODY'S ANALYTICS | RISKINTEGRITY TM FOR IFRS 17

CONTACT US
Find out more information about Moody’s Analytics award
winning products and solutions.

www.moodysanalytics.com/contact-us

CONTACT DETAILS
Visit us at moodysanalytics.com or contact us at a location below.

AMERICAS+1.212.553.1653
clientservices@moodys.com

EMEA+44.20.7772.5454
clientservices.emea@moodys.com

ASIA (EXCLUDING JAPAN)+852.3551.3077
clientservices.asia@moodys.com

JAPAN+81.3.5408.4100
clientservices.japan@moodys.com© 2021 Moody’s Analytics, Inc. and/or its licensors and affiliates. All rights reserved.

BX1504